To live comfortably in retirement, you decide you will need to save $2 million by the time you are 65 (you are 30 years old today). You will start a new retirement savings account today and contribute the same amount of money on every birthday up to and including your 65th birthday. Briefly describe what TMV is. Using TVM principles, how much must you set aside each year to make sure that you hit your target goal if the interest rate is 5%? What flaws might exist in your calculations, and what variables could lead to different outcomes? What actions could you take ensure you reach your target goal?
Financial ratios are essential to provide an accurate valuation of a firm. Select a publicly traded firm within the U.S. of your choice. Select one ratio each in the areas of (a) performance, (b) activity, (c) financing, and (d) liquidity warnings. Provide an evaluation of the selected firm's strengths and weaknesses. Based on the ratios you selected, how well does your chosen firm perform? Explain.
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Discuss how a financial advisor could help people determine what is a comfortable monetary amount for their retirement savings goal. Are there any other principles/methods aside from TMV that can be used to help make sure that you hit your target goal within 20 years (faster than > 35years)?
What is the best type of retirement plans or methods for saving money for individuals who do not began saving until age 50? Please share any additional knowledge you may have regarding this subject.